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Share Price Less Than ₹200; Company Will Give Second Interim Dividend, Record Date Set

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Bharat Electronics Ltd (NSE: BEL) BEL Interim Dividend: Navratna PSU Bharat BEL has declared its second interim dividend to shareholders for the fiscal year 2024. 

At its meeting on 15 March, the board of directors approved dividend payments. 

BEL has informed stock exchanges of its decision to pay a second half-dividend of Rs 0.70 per fully paid equity share with a face value of Re 1. 

This dividend will be paid for the fiscal year 2023-24. The record date has been set at 23 March 2024. 

Dividends will be paid out to BEL shareholders who have held their shares up until now.

The company declared that dividends would be paid within 30 days of the declaration. Bharat Electronics Limited shares closed at Rs 188.85 in the BSE market on 15 March. 

This stock has returned 104 percent in the past year. The company’s market capitalization is Rs 1.38 lakh crore.

Bharat Electronics Ltd also declared an interim dividend of Rs 0.70 for the financial period 2023-24. 

The stock was ex-dividend from February 9th. BEL shares have risen by 312 percent in the last three years.

What Is BEL’s Financial Status?

Bharat Electronics Ltd is a company that manufactures aerospace and defense electronic products. 

BSE data shows that BEL had a revenue of Rs 4136.69 Crores and a net profit of Rs 893.30 Crores in the quarter ending December 2023. 

By the end of 2023, the government will own 51.14 percent. The government-owned 48.86 percent. 

BEL belongs to the 16 public sector enterprises (PSUs) that are under the Ministry of Defense of India.

About Bharat Electronics Limited

BEL produces electronic products to support the Army, Air Force & Navy. In 1954, in the newly independent India, there was a need for absolute to create an indigenous industry.

The idea of an independent India led to the creation of various Public Sector Enterprises and has made significant strides.

Since its inception thanks to the visionary perspective of its founders the perseverance of its staff, and the trust and support of its customers, and BEL’s Government of India.

The Government’s call to “Make in India” resonates with the work BEL has been able to achieve for the past six decades.

BEL was founded to fulfill the highly specialized electronic equipment needs that are required by the Indian Defence Services.

While this is still to be the main goal, however, the Company is present in the civilian sector, as well. BEL exports certain of its products and services to various nations as well.

Fundamental Analysis of Bharat Electronics Limited

Market Cap₹ 1,38,045 Cr.
Current Price₹ 188.85
52-wk High₹ 216.80
52-wk Low₹ 89.65
Stock P/E38.66
Book Value₹ 20.3
Dividend0.95 %
ROCE29.9 %
ROE22.8 %
Face Value₹ 1.00
P/B Value9.32
OPM25.2 %
EPS₹ 4.88
Debt₹ 61.4 Cr.
Debt to Equity0.00

Bharat Electronics Limited (BEL) Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 200₹ 221
2025₹ 224₹ 245
2026₹ 265₹ 300
2027₹ 305₹ 324
2028₹ 362₹ 400
2029₹ 405₹ 422
2030₹ 432₹ 460
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Bharat Electronics Limited Shareholding Pattern

Promoters Holding
Dec 202251.14%
Mar 202351.14%
June 202351.14%
Sept 202351.14%
Dec  202351.14%
FII Holding
Dec 202217.34%
Mar 202316.42%
June 202317.35%
Sept 202317.19%
Dec  202317.77%
DII Holding
Dec 202225.04%
Mar 202325.50%
June 202324.84%
Sept 202324.19%
Dec  202323.37%
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Public Holding
Dec 20226.47%
Mar 20236.95%
June 20236.68%
Sept 20237.49%
Dec  20237.72%

Bharat Electronics Limited  Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 12,164 Cr
2020₹ 12,968 Cr
2021₹ 14,109 Cr
2022₹ 15,368 Cr
2023₹ 18,183 Cr

Last 5 Years’ Net Profit:

2019₹ 1,887 Cr
2020₹ 1,825 Cr
2021₹ 2,100 Cr
2022₹ 2,400 Cr
2023₹ 3,571 Cr
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Last 5 Years’ Debt-To-Equity Ratio:

20190
20200
20210
20220
20230

Last 10 Years’ Profit Growth:

10 Years:13%
5 Years:16%
3 Years:18%
Current Year:29%

Last 10 years’ Return on Equity (ROE):

10 Years:19%
5 Years:21%
3 Years:21%
Last Year:23%

Sales Growth Over 10 Years:

10 Years:11%
5 Years:11%
3 Years:11%
Last Year:3%

Conclusion

This article is a complete guide about Bharat Electronics Ltd Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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